What is Wealthsimple?
Wealthsimple is a convenient and easy to use Canadian online investing, stocks and crypto trading app that distinguishes itself from other apps by charging absolutely no fees.
A fintech business launched in Fall twenty fourteen originally as a robo-advisor trading app called Wealthsimple Invest, it has grown substantially over the last eight years to include Wealthsimple Trade, a zero fee discount brokerage app.
Does Wealthsimple Trade Charge Its Users Fees?
Wealthsimple Trade lets Canadian investors to trade single stocks and also ETFs without having to pay any fees. The exception to this is when you’re trading ETFs and stocks that are displayed in USD currency. In that case, they do charge a small currency conversion fee when buying and selling. However, past us are the days of having to pay more than $7 per each trade with digital discount brokerages as was expected only a few years ago.
How Much Money Will I Need to Begin Investing With Wealthsimple Trade?
Wealthsimple is cool such that they allow investors to make a minimum deposit of only $1. Many alternative banks and discount brokerages have quite large min deposit amounts of $1000-5K. This makes it impossible for the typical investor to start. With Wealthsimple Trade, you don’t need to be wealthy to get started with trading stocks and ETFs.
So Does Wealthsimple Trade Offer TFSA Accounts?
They do. Wealthsimple Trade has registered and non-registered account types. One may select both RRSP and TFSA account types in the setup phase.
Does Wealthsimple Trade Offer a Mobile Application?
Yes, Wealthsimple Trade has a convenient mobile app that is available on IOS and Android. The mobile app makes the signup phase and trading of stocks and ETFs truly easy.
So Is Wealthsimple Trade Safe?
Most definitely. Wealthsimple Trade is trustworthy. Wealthsimple reports over 15 billion Canadian in Assets Under Management (AUM). They have been expanding for more than 7 years and also at this time employs more than 600 people. The primary shareholder is the admired public Canadian company Power Corp of Canada. Weapthsimple Trade is the first no-fee online discount brokerage to operate in Canada.
How Does One Add Funds to a Wealthsimple Trade Account?
The Wealthsimple Trade smartphone app makes it so simple to deposit to your new account. Simply connect to a chequing or savings account with your Trade account, then add funds to your account in just a couple of steps. Deposits from banks to Wealthsimple normally take just a couple of days. Funds can just as easily be moved to your chequing or savings account through the exact same process.
What Additional Benefits and Products Are Offered by Wealthsimple?
Wealthsimple Cash – This is equivalent to E-transfers that allows one to quickly and efficiently transfer money to friends and family in Canada.
Wealthsimple Tax – Everything you require to get ready for tax season and submit your taxes online free. It’s described as simple, accurate and always totally free tax return filing.
Wealthsimple Spend – A hybrid prepaid debit card and savings account which lets one to recieve 1% cashback on all your everyday purchases, and also get a very competitive 1.5% interest rate on savings.
Personal Finance 101 – Wealthsimple’s free personal finance platform that offers a variety of different online courses on different topics such as saving, investing, crypto, mortgages and more.
Every one of the listed features, including Wealthsimple Trade can be accessed in the mobile app or on their site with a single login.
So How do I Get Started With Wealthsimple Trade?
Click here to register for a new Wealthsimple Trade account. For a special registration bonus offer to our audience you’ll get the cash value of a stock valued at $25 up to $4,500 CAD when you add funds to your account.
What if I Still Have Additional Questions Related to Wealthsimple For Us?
If this review hasn’t answered each of your questions, and you’re searching for more info about Wealthsimple For Us, go to the Wealthsimple website to get answers to each your questions.